Key Market Indicators
Nigerian butter consumption is expected to drop by about 6% over the next five years. From 2021 to 2026, demand will decrease from 11 thousand metric tons to nearly 8 thousand metric tons. This decrease has been largely consistent since 2017, when it dropped by 5.4% year-on-year. Nigerian butter production is predicted to increase slightly over the next five years. From 2021 to 2026, production is projected to increase from 12,290 metric tons to 12,670 metric tons - a growth rate of 0.5% year-on-year. This increase has been consistent since 1966, when it increased by 0.8% year-on-year.